Advisory Committee on Corruption and Fraud (ACCF)

The primary responsibility of the ACCF is to advise the President on final investigation findings and recommendations on corruption and fraudulent practices reported by IACD to the President.
The ACCF shall provide advice on investigation policies and procedures.
The ACCF may advise the President that an investigation be undertaken.

The ACCF shall have the following functions and responsibilities:

Advising the President on compliance with due process in investigations of fraud and corruption;
Advising the President on the recovery of Bank assets lost to fraud or corruption;
Recommending to the President, where necessary, cancellation of loans or grants affected by fraudulent or corrupt practices;
Advising the President, on the basis of IACD’s recommendations to the President, cases that should be forwarded to national authorities for further action, including prosecution;
Reviewing appeals by firms sanctioned for fraudulent or corrupt practices and making recommendations accordingly to the President;
Advising the President on the publication of information regarding completed investigation findings to third parties, and the posting of same on the Bank’s website; and
Carrying out any other advisory duties in line with its general responsibilities as may be assigned by the President from time to time.

The ACCF shall be composed of five persons: three senior staff (Vice President or Director-level) chosen by the President for their integrity and potential contribution to the work of the Committee. The President shall appoint a Vice-President to chair the Committee. The General Counsel and the Director of IACD shall be ex-officio members of the ACCF.
The Chairperson of the ACCF shall serve for a term of two years and may not serve consecutive terms.
Where any member of the Committee is unable to participate in a Committee proceeding because of an actual or potential conflict of interest or otherwise, the President shall appoint a replacement in his/her place for the purpose of the matter under consideration.

The Committee shall convene as a whole.
The Committee will meet on the invitation of its Chairman or on convocation by the President or any two members, including ex-officio members.
The Committee members shall maintain utmost discretion and confidentiality on matters under their consideration.
The Committee will consider any final investigation reports and recommendations of IACD which the President may send to the Committee.
Decisions taken by the Committee shall be made by consensus.
The Director of IACD may request the recusal of a member of the Committee because of actual or potential conflict of interest in a matter investigated, being investigated or to be investigated.
The Committee may, in the exercise of its functions and upon request to the Director of IACD, meet with the Anti-Corruption and Fraud Investigation Department.

The Committee shall not exercise the function of arbitration between IACD and a person or entity under investigation, nor be a forum for appeal.
The functions of the Committee and IACD shall remain independent of each other, except insofar as the Director of IACD serves as an ex officio member of the ACCF.

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